Global finance survey – currencies

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$ straights
Ranking 2003 Ranking 2002 Total score
1 1 Citigroup 95
2 3 UBS 72
3 2 JP Morgan Chase 67
4 8= Deutsche Bank 39
5 4 Goldman Sachs 29
6 5 Merrill Lynch 27
7 7 Lehman Brothers 24
8 10 Credit Suisse First Boston 21
9 11 Barclays Capital 20
10 15 ABN Amro 19
11 6 Morgan Stanley 18
12 12= Bank of America 13
13 12= HSBC 12
14 12= Nomura Securities 8
15 — National Australia Bank 7
16= 8= BNP Paribas 6
16= 16= RBC Dominion Securities 6
18 20= Bank One 5
$ FRNs
Ranking 2003 Ranking 2002 Total score
1 1 Citigroup 43
2 4 UBS 37
3 2 JP Morgan Chase 36
4 6= Deutsche Bank 33
5 9 Lehman Brothers 28
6 10 Barclays Capital 24
7 11 HSBC 21
8 3 Morgan Stanley 19
9 12= Goldman Sachs 17
10= 14= ABN Amro 13
10= 5 Merrill Lynch 13
12= — BNP Paribas 10
12= — Dresdner Kleinwort Wasserstein 10
14 6= Credit Suisse First Boston 9
15 — National Australia Bank 8
16 — Bank One 5
$ Retail
Ranking 2003 Ranking 2002 Total score
1 — Citigroup 28
2 — UBS 25
3 — RBC Dominion Securities 21
4 — Merrill Lynch 18
5 — Morgan Stanley 14
6 — ABN Amro 13
7= — Credit Suisse First Boston 11
7= — Goldman Sachs 11
7= — JP Morgan Chase 11
10 — TD Securities 10
11 — Deutsche Bank 8
12 — Nomura Securities 7
13 — Lehman Brothers 6
14 — Bank of America 5
Euro straights
Ranking 2003 Ranking 2002 Total score
1 1 Deutsche Bank 121
2 2 UBS 51
3 3 Barclays Capital 50
4 15= JP Morgan Chase 42
5 4 Citigroup 40
6 7 ABN Amro 34
7 8 BNP Paribas 32
8 9 HSBC 27
9 10= Morgan Stanley 24
10 5 Merrill Lynch 22
11 10= Dresdner Kleinwort Wasserstein 21
12 6 Credit Suisse First Boston 18
13 13 Goldman Sachs 12
14= 15= ING Group 9
14= 12 Société Générale 9
16= 18 Commerzbank 8
16= — DZ Bank 8
18 20= Crédit Agricole Indosuez 7
19= — Crédit Lyonnais 6
19= 20= Nomura Securities 6
Euro FRNs
Ranking 2003 Ranking 2002 Total score
1 1 Deutsche Bank 78
2 4 Citigroup 49
3 9= ABN Amro 31
4 3 UBS 31
5 13= BNP Paribas 27
6 2 Barclays Capital 25
7 12 JP Morgan Chase 21
8= 16= HSBC 20
8= 16= Société Générale 20
10= 5 Merrill Lynch 17
10= 6 Morgan Stanley 17
12 9= Credit Suisse First Boston 14
13= 7 Dresdner Kleinwort Wasserstein 12
13= — DZ Bank 12
13= 16= Lehman Brothers 12
16 26 Goldman Sachs 9
17 — ING Group 8
18= — Bayerische Landesbank 6
18= 16= Crédit Agricole Indosuez 6
High-yield
Ranking 2003 Ranking 2002 Total score
1 6 Deutsche Bank 16
2 7= JP Morgan Chase 14
3 4= UBS 8
4= 2 Credit Suisse First Boston 6
4= 7= HSBC 6
4= 14= Lehman Brothers 6
7= 7= ABN Amro 5
7= 1 Citigroup 5
Highly structured
Ranking 2003 Ranking 2002 Total score
1 1 Citigroup 41
2 4 JP Morgan Chase 32
3 9= UBS 27
4 2 Deutsche Bank 25
5 6 Morgan Stanley 24
6 9= Merrill Lynch 23
7 7 Mizuho Securities 21
8 5 Goldman Sachs 13
9 13= HSBC 12
10 13= Nomura Securities 11
11 24 Barclays Capital 10
12 3 Credit Suisse First Boston 7
13= 8 BNP Paribas 6
13= 20= Lehman Brothers 6
13= 13= Shinkin Bank 6
16 12 Société Générale 5
Yen
Ranking 2003 Ranking 2002 Total score
1 1 Nomura Securities 68
2 2 Nikko Salomon Smith Barney 46
3 3 Mizuho Securities 41
4 7= Deutsche Bank 22
5 4 Daiwa Securities 21
6= — Barclays Capital 14
6= 9= Merrill Lynch 14
8= — Mitsubishi Tokyo Financial Group 13
8= 13= JP Morgan Chase 13
10 13= HSBC 11
11 9= Morgan Stanley 10
12 7= UBS 7
13 — Goldman Sachs 6
14 5 Shinkin Bank 5
Stg
Ranking 2003 Ranking 2002 Total score
1 1 Barclays Capital 97
2 5 HSBC 57
3 2 RBS 45
4 2 UBS 34
5 8 Deutsche Bank 26
6 9 Goldman Sachs 13
7 6 JP Morgan Chase 11
8= 10= Merrill Lynch 8
8= 10= RBC Dominion Securities 8
10= 3= Citigroup 7
10= — WestLB 7

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